The world has evolved to the age of Internet, an amazingly global spanning technology that has taken hold so quickly. The dynamics of global growth are changing, at least, as profound as they did with advent of railroads or electricity. The evolution of the Internet technology as a pervasive phenomenon means that the traditional factors of production - capital and skilled labour – are no longer the main power determinant of the economy. The economic potential is now increasingly linked to the ability to manipulate and control information.
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Harold M. L. Utouh is a senior lecturer in Economics and computing at Mzumbe University, Tanzania. He holds a BSc. economics, Post Graduate Diploma in International Trade & Finance and MA (International Econ.) from University of Havana.
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